M&A Deal Summary

AUB Group Acquires Guardian Underwriting Services Pty

On May 29, 2013, AUB Group acquired insurance company Guardian Underwriting Services Pty

Acquisition Highlights
  • This is AUB Group’s 8th transaction in the Insurance sector.
  • This is AUB Group’s 8th transaction in Australia.

M&A Deal Summary

Date 2013-05-29
Target Guardian Underwriting Services Pty
Sector Insurance
Buyer(s) AUB Group
Deal Type Add-on Acquisition

Target

Guardian Underwriting Services Pty

South Melbourne, Australia
Guardian is an underwriting agency specialising in providing insurance facilities for hotels and motels, food outlets, group personal accident insurance, professional indemnity and contingency insurance from offices in Melbourne.

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Buyer(S) 1

Buyer

AUB Group

Sydney, Australia

Category Company
Founded 1885
Sector Distribution
Employees3,000
Revenue 937M AUD (2024)
DESCRIPTION

AUB Group is an equity-based insurance distribution, specialist underwriting agency, and risk services group. The AUB distribution network comprises 50 brokerages representing over 320,000 clients with $2 billion of GWP and approximately $1.8 billion in funds under management. AUB Group was founded in 1885 and is based in Sydney, Australia.


DEAL STATS #
Overall 8 of 16
Sector (Insurance) 8 of 15
Type (Add-on Acquisition) 6 of 10
Country (Australia) 8 of 15
Year (2013) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-29 Lawsons Underwriting Australasia

Perth, Australia

Lawsons are a specialist underwriting agency operating in the area of labour hire and recruitment, group training and contracting as well as arranging underwriting solutions for complex liability exposures from offices in Perth, Sydney, Melbourne, Hobart and Brisbane.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-13 InterRISK Australia Pty

Sydney,NSW, Australia

InterRisk is a provider of corporate insurance broking and risk advisory services for medium to large companies. It commenced operations in May 2004 and has offices in Sydney, Melbourne and Brisbane. Key target areas are; tourism and leisure, financial services and manufacturing industries. InterRisk has the ability to design and place complex local and international insurance programs. It provides value added services such as risk retention analysis, claims advisory, evaluation of corporate risk management and risk financing programs.

Buy -